The post Analyst Says Litecoin Will Outperform Bitcoin And Large Cap Cryptos With 11,000% Breakout appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Despite being termed the ‘digital silver’, the Litecoin price has remained muted in the last year. The altcoin’s price saw a run-up back in 2023, leading up to its halving. Since then, it has failed to maintain this upward momentum, falling short of the triple-digit level. From here, though, it seems the tide might finally be changing for the Litecoin price, as a notable prediction from an analyst suggests that a rally could send the price to a new all-time high. Litecoin Price To Reach $7,000 According to a crypto analyst on the X (Formerly Twitter) platform, the Litecoin price is set to outperform all of the large cap cryptocurrencies in the market. The analysis focused on Litecoin’s long-term growth, which could see it surpass the likes of Bitcoin and Ethereum. Related Reading The chart shows that the LTC price is still trending below $70, which is an 84% decline from its all-time high price of $412. However, all hope is not lost as the crypto analyst believes that there is still more to come for the altcoin. Not only does the analyst believe that the Litecoin price will eventually cross the triple-digit level once again, they also believe that four-digit is in the cards for the altcoin. Targets for the Litecoin price include an initial surge that takes it above $100. From there, the crypto analyst expects the recovery to continue. An eventual break above the $1,000 level is mapped out, which would be an around 1,600% price increase from here. However, it doesn’t end there. The crypto analyst expects the price to eventually reach as high as $7,000. Now, if this were to play out, it would mean an over 11,000% price increase from the current price level. Related Reading As…

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Filed under: News - @ September 4, 2024 2:22 pm